News

« Back to News List

May 19, 2010

Delaware Court of Chancery issues opinion regarding proposed merger between PLATO Learning, Inc. and Thoma Bravo, LLC

Reuters reports on the Delaware Court of Chancery's recent opinion regarding the proposed going-private merger between PLATO Learning, Inc. and Thoma Bravo, LLC. The court found that PLATO's proxy statement was materially misleading to company shareholders and enjoined the merger until PLATO makes corrective disclosures.

Click here to read the full brief by Reuters.

For more information about this case, contact attorney William S. Norton (MA, NY, SC) by email or call +1 800.768.4026.

Read about Motley Rice's work involving securities fraud, shareholder rights campaigns, and direct and derivative shareholder actions.